MIRA
INFORM REPORT
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Report Date : |
04.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
PANTHEON
PRIVATE LIMITED |
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Registered Office : |
105,
Atlanta, Nariman Point, Mumbai 400021 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
06.10.2004 |
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Com. Reg. No.: |
11-148993 |
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CIN No.: [Company
Identification No.] |
U51909MH2004PTC148993 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP21018E |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturer
and Exporter of Chemicals like Iodide, Calcium Iodide, Cuprous Iodide, Silver
Iodide, Trimethyl Sulfoxonium Iodide, Trimethyl Sulfoniumlodide, Tetra Butyl
Ammonium, Tetra Butyl Ammonium, Tetra Methyl Ammounium, Mercuric Iodide,
Methyl Iodide, Potassium Iodide, Povidone Iodide, Sodium Iodide, Potassium
Mercuric Iodide, Hydrogen Peroxide, Liquid Bromine, Crude Naphthalene,
Refined Naphthalene, Cobaltsulphate, Sodium Nitrate, Methylene Chloride,
Perchloroethylene (PCE), Cobalt Carbonate, Zinc Oxide, Boric Acid, Borax, Gum
Rosin, TDI. Also Deals in Fresh Fruit, Dry Fruits and Pork Meat. |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
Moderate
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
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Comments : |
Although
it is difficult to assess companys current performance and financial status
in absence of financials, it appears that company has trading business of Rs.
150.000 Millions per year. Directors
are reported as experienced, respectable and resourceful businessmen. Their
trade relations are fair. Payments are unknown. The
company can be considered for normal business dealings at usual trade terms
and conditions with slight caution |
LOCATIONS
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Registered Office : |
105,
Atlanta, Nariman Point, Mumbai 400021 |
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Tel. No.: |
91-22-22841346/22886945 |
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Fax No.: |
91-22-22844417 |
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E-Mail : |
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Website : |
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S.
American Office: |
Alhue 1127, Las Condes, Santiago, Chile. Phone:
+56 - 2 - 494 7678 |
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Middle
East Office |
Tradelinks International FZCO (Rep. Office) P.O. Box 17899, Jebel Ali, Dubai, United Arab Emirates. Phone:
+971 - 4 - 881 8215 |
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N.
American Office: |
American Iodine Company Inc. (Rep.
Office) 3120, Golden Springs Drive, Phone:
+1 214 705 8256 |
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Europe
Office: |
Julianalaan 11, 3708 BA, Zeist The Netherlands. Phone:
+31 65 206 3453 |
DIRECTORS
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Name : |
Mr.
Kinariwala H Kalpesh |
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Designation : |
Director
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Address : |
Great
Eastern Royal, Flat No. 16, B II, 16th Floor, 333 Belassis Road,
Tardeo, Mumbai 400034 |
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Date of Birth/Age : |
03.09.1972 |
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Date of Appointment : |
06.10.2004 |
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Name : |
Mr.
Yora Ajit Hiren |
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Designation : |
Director
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Address : |
Birla
Mansion, 3rd Floor, Prarthana, Samaj, Mumbai 400034 |
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Date of Birth/Age : |
01.10.1972 |
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Date of Appointment : |
06.10.2004 |
KEY EXECUTIVES
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Name
: |
Mr.
Jagdish P Patel |
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Designation
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Company
Secretary |
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Address
: |
Roy
Empire, Selvarsa Road, Vapi 396191 |
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Name
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Mr.
Hiren Vora |
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Designation
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Director
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Pantheon
Team: |
Kalpesh Kinariwala Director, Promoter Hiren Vora
Director, Promoter Kapil Girtora, Vice President Sales, European Union. Devika Girotra, Additional Vice President Sales, European Union. Nikhil Kapadia, Vice President Sales, USA. Parag Shah ,
Additional Vice President Construction Chemicals. Shailesh Waikar, Head Iodine Sales, India. N.K. Borate,
Head Iodine Sales, India. Eduardo Garrido, Vice President Sales Latin America. Sagar Mahuli,
Assistant Vice President Asia Region. Rajesh Kokane, Vice President Contract Manufacturing, Iodine Derivatives Bijal Uchat,
Vice President Fresh and Dried Fruits. Yashwant Sharma, Vice President Finance and Logistics, United Arab Emirates Kishor Kamble, Logistics and Documentation Executive, India |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Mr.
Kinariwala H Kalpesh |
5000 |
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Ms.
Bindu A Vora |
2000 |
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Ms.
Bhavna H Vora |
2000 |
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Ms.
Indira H Kinariwala |
1000 |
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Total
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer
and Exporter of Chemicals like Iodide, Calcium Iodide, Cuprous Iodide, Silver
Iodide, Trimethyl Sulfoxonium Iodide, Trimethyl Sulfoniumlodide, Tetra Butyl
Ammonium, Tetra Butyl Ammonium, Tetra Methyl Ammounium, Mercuric Iodide,
Methyl Iodide, Potassium Iodide, Povidone Iodide, Sodium Iodide, Potassium
Mercuric Iodide, Hydrogen Peroxide, Liquid Bromine, Crude Naphthalene,
Refined Naphthalene, Cobaltsulphate, Sodium Nitrate, Methylene Chloride,
Perchloroethylene (PCE), Cobalt Carbonate, Zinc Oxide, Boric Acid, Borax, Gum
Rosin, TDI. Also Deals in Fresh Fruit, Dry Fruits and Pork Meat. |
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Products : |
v
Iodine v
Iodine
Derivatives v
Feed
Additives v
Construction
Chemicals v
Fruit
and Nuts v
Animal
Product v
Nitrates v
Other
Chemical v
Supermarket
Commodities v
Teak
Wood |
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Exports to : |
Europe,
Middle East, South America and China |
GENERAL
INFORMATION
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No. of Employees : |
15 |
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Bankers : |
Citibank
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Facilities : |
-- |
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Banking Relations : |
Unknown
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
100000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 1.000 Millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
10000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 0.100 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
No
financials are available since incorporation of the company
Management
remained non cooperative during current investigation
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Particulars |
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31.03.2006 (Estimated) |
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Sales Turnover |
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150.000 |
LOCAL AGENCY
FURTHER INFORMATION
Pantheon has a strong base in prominent business hubs like Mumbai, Dubai, Netherlands and Santiago de Chile and now also the USA and North America. They at Pantheon have a dedicated and professional workforce to contribute to the enrichment of business by firmly rooted principles of consistent quality, dedication and customer satisfaction. In a span of just eight years, they have crossed their annual sales turnover of US$ 80 Million. in the financial year 2005 2006.
Although their activities encompass everything from trading to business investments, they are one of the fastest growing Indenting House and Contract manufacturing Company in India. They are also predominantly one of the largest suppliers of Iodine in the Asian Sub Continent and Iodine based Derivatives used in Feed Additives in the European market.
Due to the support of their Principals and the response & encouragement received from their European Customers, Pantheon USA has commenced commercial operations. They are now well placed to serve their Customers in the USA & North America for their critical requirements of Chilean Iodine, Iodine Derivatives and Feed Additives.
Their areas of operation include: Basic Chemicals, Iodine and Iodine based Derivatives, Feed Additives, Fresh and Dry Fruits, Construction Chemicals, Animal Products such as Fishmeal, Fish Oil and Pork. They also cater to the Textile Madeups and Stainless Steel Utensils requirements of Supermarkets and are also present in the Lumber industry.
The Advantages offered to their Principals are Market Share, Value Addition and Consolidation.
They constantly work to improve their resources and have successfully sought their cutting edge business policies. Their strong financial capabilities and an insight in business activities enable us to represent their great assets and the strength of market share and volumes in the products they service supports us to match their delivery and sales targets.
Through consistency, dedicated efforts and quality programs, they are continuously strengthening the high level of trust earned from their esteemed customers over the years.
Memberships:
v Dun & Bradstreet
v Basic Chemicals, Pharmaceuticals
and Cosmetics Export Promotion Council (CHEMEXCIL)
v Indo-African Chamber of Commerce
and Industries
Product
E
Export and P Producer
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Code |
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E
Sodium Compounds |
K#3106 |
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P
Sodium Formate |
K#3106043 |
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E
Calcium, Strontium and Thallium Compounds |
K#3108 |
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P
Calcium Iodide |
K#3108028 |
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E
Iron and Steel alloy compound |
K#3112 |
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P
Iron Nitrates, Ferric or ferrous |
K#3112028 |
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E
Non Ferrous heavy metal compounds |
K#3114 |
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P
Cuprous Iodide |
K#3114109 |
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P
Zinc Oxide. Zinc White |
K#3114235 |
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P
Zinc Oxide/ zinc white |
K#3114236 |
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E
Metal Compound |
K#3120 |
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P
Mercuric Chlorides |
K#3120101 |
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P
Mercuric Oxides |
K#3120102 |
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P Cobalt
Sulphate |
K#3120152 |
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the subject of any
formal or informal allegations, prosecutions or other official proceeding for
making any prohibited payments or other improper payments to government
officials for engaging in prohibited transactions or with designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered
against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered against
subject: None
6] Records
on Intl Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation
with Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation
Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA
INFORM as part of its Due Diligence do provide comments on Corporate Governance
to identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
companys management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or
policies that prohibit, restrict or otherwise affect the terms and conditions
that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.65 |
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UK
Pound |
1 |
Rs.85.03 |
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Euro |
1 |
Rs.56.98 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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37 |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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